8/27/19 could be turn around Tuesday for the SPX, on that day the decline that began on 7/26/19 will equal in time the May to June drop. Price equality is near SPX 2800.
The declines Elliott pattern appears to be a Combination wave with the first wave "w" - boxed as an Expanding Flat. The third wave subsequent to "x" wave, appears to be a nearly complete Zigzag.
Watch the Put/Call ratio, it is already in the buy zone. If the 8/5/19 SPX bottom is broken it could cause an even higher P/C spike up. P/C ratio updates every 30 minutes through the SPX trading day.
Mark
The declines Elliott pattern appears to be a Combination wave with the first wave "w" - boxed as an Expanding Flat. The third wave subsequent to "x" wave, appears to be a nearly complete Zigzag.
Watch the Put/Call ratio, it is already in the buy zone. If the 8/5/19 SPX bottom is broken it could cause an even higher P/C spike up. P/C ratio updates every 30 minutes through the SPX trading day.
Mark